Halifax/Lloyds closing my account in 60 Days!! Extremely worried about CIFAS

MiwMiwCat

https://forums.moneysavingexpert.com/discussion/comment/81874655#Comment_81874655

Because I’ve never had a bank account close before. I’ve always been in good standing, I’ve never (to my knowledge) done anything illegal nor would I ever do so. It’s been a very stressful week for me but It’s more the potential cifas marker I’m worried about rather than the account. Requested a DSAR on Monday and got it back on Wednesday, all clear. :) my issue is that I think I did it way too early as some people in past posts have said it takes weeks for it to reflect

eskbanker

I haven’t got much to hide

That seems an odd choice of word, rather than, say, 'anything' - is it significant?

MiwMiwCat

https://forums.moneysavingexpert.com/discussion/comment/81875041#Comment_81875041

Not at all, I was more than happy to show them the evidence in branch which included bank statements from sending and receiving bank & payslips. It wasn’t requested in branch but I thought I would show them as I am a huge over-thinker and tend to overthink everything, especially when it comes to dire situations like this. They let me withdraw the full amount and sent me on my way.

My main concern is CIFAS markers, I’ve been doing my research everywhere and seen in some cases where people have wrongly gotten markers and had access to all their other bank accounts blocked and eventually shut down. My DSAR was clean on Wednesday but I’ve read that they don’t file it straight away so I went into full panic mode.

Because this has never happened to me and I’ve only witnessed these type of situations on the internet, it’s made me think the worst if that makes sense?

masonic

https://forums.moneysavingexpert.com/discussion/comment/81874893#Comment_81874893

Out of interest, did they transfer the balance to another account in your name for you, or did you have to walk out with cash?

If your other thread contains the whole story, it is not at all clear what it was they objected to. The implication is it's the use of Monzo. Though the pattern of transactions could look like layering.

MiwMiwCat

https://forums.moneysavingexpert.com/discussion/comment/81875105#Comment_81875105

they transferred it to the same Monzo account I was wanting to transfer the money initially

GTR_King

like we said!

Halifax will know why your account is being closed, as it likely relates to a breach of their terms and conditions, They legally can’t tell you why,

but If you provide the full details and honest background, you’re more likely to receive helpful advice."

HillStreetBlues

https://forums.moneysavingexpert.com/discussion/comment/81875201#Comment_81875201

The letter claims the OP breached their T&Cs, there would be no legal reason stopping them from telling the OP.

GeoffTF

https://forums.moneysavingexpert.com/discussion/comment/81875071#Comment_81875071

No it does not make any sense, Do you wear a flack jacket every time you step out of your front door because people sometimes get shot dead in the street? It could happen even if you are not a drug dealer, but it makes no sense to keep worrying about it.

MiwMiwCat

https://forums.moneysavingexpert.com/discussion/comment/81875392#Comment_81875392

thank you

GTR_King

https://forums.moneysavingexpert.com/discussion/comment/81875234#Comment_81875234

yess it dose state that but legally they can’t tell you what T&C’s you broke unless I am wrong